Business News
TSMC Plans $12 Billion U.S. Chip Plant in Arizona
2020-05-17
A senior U.S. official said that Taiwan Semiconductor Manufacturing Co Ltd, which unveiled a $12 billion investment plan in Arizona on Friday, has no assurances that it will be granted a licence to sell U.S. technology to China's Huawei.
India will allow the involvement of private companies in its space exploration
2020-05-17
India will allow private companies to be involved in its space exploration and satellite launch programmes, Finance Minister Nirmala Sitharaman said Saturday in a press conference.
U.S. pushes to cut Huawei off from major suppliers of chips as China eyes retaliation
2020-05-16
On Friday, the Trump administration moved to block global supplies of chips to blacklisted telecoms equipment giant Huawei Technologies [HWT.UL], spurring fears of Chinese retaliation and hammering U.S. chipmaking equipment producers' shares.
Wirecard shares fell to lows for more than 2 years on Friday after a business partner in Dubai shuts doors
2020-05-16
Wirecard shares fell to more than two-year lows on Friday after a Dubai-based business partner closed its doors, even as the German payment company played down the operational impact.
As some flights are restored by Air France, pilots queue for simulator
2020-05-16
Air France is placing its grounded pilots in the flight simulator through their paces as the airline prepares to restore flights to dozens of destinations that have been suspended under lockdown measures for coronavirus.